Coworking spaces work on different ideas from other companies. Most of them are not avoiding their costs but are they locking people into long term contracts. The environment of teamwork so valued in coworking spaces is focused on the trust between its members and not on benefit forcing.

But if only 40 percent of spaces are currently profitable, we can define coworking as successful. The result is yes if you considered some fundamental factors. Especially after two years of service, 72 percent of the coworking spaces become successful.

The rate is even higher if they are run in private. Everyone will make a profit for their work, including the coworking space owners. The current Multinational Coworking Survey also found that after two years, almost all the spaces are successful. Many areas live from their membership income, while another large group depends on the operator’s second job direct profit, especially those in the startup process. There is the lowest financial situation for minimal space operators who do not have primary or parallel jobs. At least one-third of coworking spaces offer all these services as a comprehensive package without any extra costs.

Infrastructure such as conference rooms are also built into the rental rates of desks. Other sources of income found by the survey include one-time membership fees for public support programs fixed phoneline payments, private office rentals, and even photo sales from the in-house gallery. There are differences between the large and small coworking spaces within sources of income. The higher the income from renting different meeting spaces, the more members they support. Significant areas also have a better chance of selling virtual office services. Running costs include maintenance, power, and other services for the Internet rental telephones access control.

Do not forget to check if they come at a fixed price, or they are calculated based on the usage you need to think carefully before you set your membership fees. This method will take a little bit of trial and error before you find the right balance of the value income.

Also read: https://www.co-working.co.in/what-is-the-minimum-amount-for-which-one-can-use-a-coworking-space/